[manchego]

I'm currently studying at the Technical University of Munich, and I quite like the grading system. Most or all of the grade is the final exam. If you fail an exam it doesn't go on your record, and you can retake it. If you pass, the grade goes on your record, and cannot be retaken. The thing I particularly like is that you don't have to decide if you want to take an exam until after you've completed most of the class (and even if you sign up for the exam, you can just not attend, thus not getting a grade).